The global Geothermal Heat Pump market is valued at 3640 million US$ in 2018 is expected to reach 7420 million US$ by the end of 2025, growing at a CAGR of 10.7% during 2019-2025.
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A geothermal heat pump or ground source heat pump (GSHP) is a central heating and/or cooling system that transfers heat to or from the ground. It uses the earth all the time, without any intermittency, as a heat source (in the winter) or a heat sink (in the summer).
Geothermal heat pump systems consist of the heat pump unit, the ground heat exchanger, and the air delivery system (ductwork). The heat exchanger has a system of pipes called a loop, which is buried in the ground near the building.
Fluid will circulate within the heat exchanger system. The pump exchanger either takes the heat from the building and transfers it to the ground or absorbs the heat from the ground and uses it to warm the house.
The main advantage of geothermal heat pumps is that they use the stable underground temperature to increase the efficiency and decrease the operational cost of the cooling and heating systems. Global geothermal heat pump market size in 2017 was valued over USD 3 billion and the annual installation is projected to exceed 873 thousand units by 2025.
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#The key manufacturers in the Geothermal Heat Pump Market include Bosch Thermotechnology, Carrier, Vaillant, BDR Thermea, Modine, Nibe Industrier, Mitsubishi Electric, Viessmann, Trane, Stiebel Eltron, Danfoss Group, Weishaupt, Swegon, Wolf, OCHSNER Warmepumpen
Segment by Type
- Vertical Closed Loop
- Horizontal Closed Loop
- Open Loop
Segment by Application
- Residential Buildings
- Commercial Buildings
This report presents the worldwide Geothermal Heat Pump market size (value, production and consumption), splits the breakdown (data status 2013-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The report focuses on global major leading industry players of Geothermal Heat Pump market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
The Geothermal Heat Pump market development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
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Growing concerns toward environmental sustainability and energy security along with shifting trends toward bio economy-based development will drive the global geothermal heat pump market size. Introduction of energy efficiency protocols by regulators with an aim to reduce carbon footprint will further propel the industry outlook.
In 2016, Government of Germany introduced Climate Action Plan 2050 across the nation with an aim to curb GHG emissions up to 55% by 2030 compared with 1990 levels.
With tables and figures helping analyze worldwide Geothermal Heat Pump market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Major Points from Table of Contents
Charpter 1 – Geothermal Heat Pump Market Overview
Charpter 2 – Global Geothermal Heat Pump Competition by Players/Suppliers, Type and Application
Charpter 3 – United States Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 4 – China Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 5- Europe Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 6 – Japan Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 7 – Southeast Asia Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 8 – India Geothermal Heat Pump (Volume, Value and Sales Price)
Charpter 9 – Global Geothermal Heat Pump Players/Suppliers Profiles and Sales Data
Charpter 10 – Geothermal Heat Pump Maufacturing Cost Analysis
Charpter 11 – Industrial Chain, Sourcing Strategy and Downstream Buyers
Charpter 12 – Marketing Strategy Analysis, Distributors/Traders
Charpter 13 – Market Effect Factors Analysis
Charpter 14 – Global Geothermal Heat Pump Market Forecast (2019-2025)
Charpter 15 – Research Findings and Conclusion
Charpter 16 – Appendix
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